OKX Ventures, a leading cryptocurrency and blockchain company, has announced a strategic partnership with 0xScope, a data intelligence platform that provides knowledge graph protocols for Web2 and Web3 data. Data intelligence and availability in blockchain and cryptocurrencies will advance with this alliance.
Dora Yue Emphasizes the Role of Data in Web3’s Growth
0xScope offers a variety of SaaS products designed to address the data-focused demands of Web3 enterprises. This category includes venture capital funds, blockchain protocols, Layer-1 and Layer-2 ecosystems, trading organizations, and developers. Scopescan is a powerful blockchain analytics and research tool from the firm. This platform uses 0xScope’s knowledge graph.
Scopescan lets traders and stakeholders monitor and analyze over 84 million on-chain entities. This dataset contains almost 600,000 tokens. 1.4 million address identification labels, 5 million address behavior labels, and 17 million exchange deposit and withdrawal labels are included. The amount of data provides valuable insights into blockchain activity and user behaviors and tendencies.
Dora Yue, the founder of OKX Ventures, underlined the enormous relevance of data in the three essential technical pillars of Web3, namely cross-chain integration, decentralized storage, and privacy computing. Using knowledge graph technology, 0xScope has improved all of these domains. Strategic use of transparent transactional data and Externally Owned Account wallets enabled customers to gain useful insights from unprocessed on-chain data. This technology also improves on-chain monitoring, data extraction, and unique Web3 apps.
OKX Ventures Invests $100 Million in Blockchain Innovation
0xScope will launch many unique features in the fourth quarter that are likely to lead to future advances. OKX Ventures takes pride in sponsoring 0xScope as it advances the Web3 ecosystem. OKX Ventures’ investment is expected to help 0xScope increase Web2 and Web3 data access and Web3 technology’s capabilities.
The OKX Ventures mission and their connection match well. OKX Ventures, the investment section of OKX, a worldwide cryptocurrency exchange noted for its large trading volume and Web3 technology, has invested $100 million. This pledge shows the organization’s dedication to finding and supporting the world’s most promising blockchain projects. OKX Ventures also promotes cutting-edge blockchain technology, supports global blockchain industry growth, and invests in long-term value.
OKX Ventures and 0xScope’s partnership might revolutionize Web3 data accessibility and intelligence. 0xScope’s unique feature allows thorough monitoring of all linked addresses associated with individual owners, solving the fragmented data management problem. This unique technology will allow users to trace behavior and transactions across networks and chains.
Source: https://blockchainreporter.net/okx-ventures-and-0xscope-collaborate-to-enhance-blockchain-data-accessibility/